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Daily Dispatches
David Bond: Redemption for the hard-rock miner
Submitted by cpowell on Wed, 2005-03-02 03:00 Section: Daily Dispatches8:32p ET Tuesday, March 1, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary for
March 1 at LeMetropoleCafe.com reports an explosive
development -- publication of an Arab world equivalent
of the Sprott report about manipulation of the gold
price. More about that shortly, but in the meantime
you can find the "Midas" commentary in the clear at
Ted Butler: Commitment of traders report update
Submitted by cpowell on Tue, 2005-03-01 03:00 Section: Daily DispatchesCitigroup Sees 1,400 Job Cuts
From Reuters
Monday, February 28, 2005
http://biz.yahoo.com/rb/050228/financial_citigroup_1.html
NEW YORK --- Citigroup Inc., the world's largest financial services
company, on Monday said it will cut about 1,400 jobs in its
corporate and investment bank in early 2005, and take a related $275
Murphy''s ''Midas'' commentary discloses the Arab world''s Sprott report
Submitted by cpowell on Tue, 2005-03-01 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, March 1, 2005
The most recent commitment of traders (COT) report reflected
continued deterioration, or a buildup in dealer net short positions
in silver and gold, as should be expected in strong price rallies.
While it is true that we are no longer at the recent low-risk entry
points in silver and gold, we are nowhere near the extreme high-risk
Bill Fleckenstein: Dress rehearsal for a dollar deluge
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily Dispatches5:36p ET Sunday, February 27, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk, founder of GoldMoney
and editor of the Freemarket Gold & Money Report,
has written in his newsletter an excellent review
of the British government's obsession with
putting the International Monetary Fund's gold
on the market. Turk's analysis is titled "The
Truth Behind the Proposal to Sell IMF Gold" and
Clive Roffey on the panic selling of Durban Deep shares
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesBy Bill Fleckenstein
MSN Money
Monday, February 28, 2005
http://moneycentral.msn.com/content/P108997.asp
This week I'd like to put into perspective a few recent developments:
Problems in the housing-ATM food chain, inflation concerns and news
that the South Korean central bank planned to diversify its dollar
reserves.
Prerequisite to current events: Bubble 101
Sure, there''s no inflation ... at least not in the precious metals markets
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily Dispatches8:32p ET Monday, February 28, 2005
Dear Friend of GATA and Gold:
Clive Roffey, editor of Gold Action, has interesting
commentary about last week's panic selling of the
shares of Durban Deep, a longtime supporter of GATA.
It's called "DROOY Panic" and you can find it at
GoldSeek here:
Indians soon may get a chance to be like Westerners and pretend to own gold
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily Dispatches"Inflation remains well controlled."
-- Federal Reserve Governor Ben Bernanke,
Thursday, February 24, 2005.
"What remains 'well controlled' is
only the precious metals market."
-- Joe Gata, Monday, February 28, 2005.
* * *
Commodity Prices Rise
to 24-Year High as Demand Grows
By Claudia Carpenter
Bloomberg News Service
Monday, February 28, 2005
Financial Times: Why Bush should heed Asia''s central bankers
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesYellow Metal to be Traded in Paper Form
Business Standard, Mumbai
Tuesday, March 01, 2005
http://www.business-standard.com/smartinvestor/storypage.php?
chklogin=N&autono=182101&lselect=1&leftnm=lmnu6&leftindx=6
The Union finance minister today announced that the Securities
Exchange Board of India (Sebi) and the Reserve Bank of India (RBI)
Citigroup will have fewer employees to rig markets with
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesBy Chris Giles, Economics Editor
Financial Times, London
Saturday, February 26, 2005
http://news.ft.com/cms/s/06037bfe-87a1-11d9-ab48-00000e2511c8.html
Remember these names. Toshihiko Fukui. Zhou Xiaochuan. Perng Fai-
Nan. Park Seung. Joseph Yam. And Yaga Venugopal Reddy. They are the
central bank governors of Japan, China, Taiwan, South Korea, Hong
William Pesek Jr.: Is Kafka running Korea''s currency policy?
Submitted by cpowell on Sun, 2005-02-27 03:00 Section: Daily DispatchesExpert View:
Diversification From the East
Could Send the Dollar South
By Bill Robinson
The Independent, London
Sunday, February 27, 2005
The renewed weakness of the dollar last week may be the beginning of
the end of a set of fundamentally unsustainable arrangements that
have nevertheless proved surprisingly durable because they have
suited all the participants rather well.
The weakness of the dollar is usually blamed on the US twin
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